£176,321
This estimated value is based upon the latest sale price for the house of £87,500 on 17 May 2004. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
There has been one burglary within the last year on or near Victoria Street
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| Price Paid | Date |
|---|---|
| £87,500 | 17 May 2004 |
| Terraced |
| Freehold |
| Floor Area: 47 sq meters or 505 sq feet |
This model uses changes in the Official Land Registry House Price Index for LINCOLNSHIRE to estimate the market value.
When this house was purchased in May 2004 the House Price Index for LINCOLNSHIRE was 73.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 101.510%.Applying this 101.510% change to the original purchase price of £87,500 results in an estimated price of approximately £176,321.
| 17 May 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 73.7 | 148.6 | 101.510 % | £87,500 | £88,821 | £176,321 |
The Postcode Pricing Model uses changes in average sales price within the PE11 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 19.729 % | £17,263 | £104,763 |
| 3 Month Average | 66.219 % | £57,941 | £145,441 |
| 6 Month Average | 71.664 % | £62,706 | £150,206 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £257,425 | £255,000 | 1 - 2 STATION STREET |
| 22 Mar 2023 | £418,947 | £415,000 | 27 SPRING GARDENS |
| 27 Feb 2023 | £199,866 | £200,000 | 8 SPRING GARDENS |
| 16 Feb 2023 | £219,852 | £220,000 | 6 SPRING GARDENS |
| 26 May 2022 | £139,631 | £137,000 | 5 VICTORIA STREET |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 1 Feb 2020. Using an estimated price of £176,321 means this house is valued at £3,751 per sq meter (£348 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Victoria Street |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Victoria Street |
| Mar 2024 | Anti-social behaviour | On or near Victoria Street | |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Victoria Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Victoria Street |